hitachi will build 866 cars in total. it plans to construct a new factory in the uk and build most of the cars at the plant. >>> let's take a look at the latest market figures now. >>> time now for a check on the weather with meteorologist sayaka mori. good morning. you've been keeping an eye on a storm that made landfall in southeast china. what's the latest there? >> yes, catherine, we've, watching a tropical storm cimaron. it made land fall last night as a tropical storm and it's still lingering near the southeast coast of china as a tropical depression. it has brought quite heavy rain. unfortunately, more heavy rain is on the way. we're expecting 100 millimeters but locally 200 millimeter, enough to trigger more flooding and landslides. it looks like residents in southern china will have to deal with more heavy rain because we have another tropical depression right here and this one could become a tropical storm within the next few hours or so and will likely it will the island of hainan tomorrow. we'll keep you poste

nec executives in 2010 integrated the division with those of cassio computer and hitachi. >>> analysts say more may withdraw or tie up with other firms in order to survive the competition. >>> and leading japanese mobile operator soft bank plans to establish a base in california. it aims to team up with major i.t. firms, and develop new technologies. softbank president sun announced on tuesday that his company will set up the operation in september. it will be in silicon valley. a world center of the i.t. industry. >> translator: to capture the world's state-of-the-art technologies, and services, we need to set up various strategic bases in silicon valley. and do our best there. >> the plan follows softbank's takeover of major u.s. mobile carrier, sprint/next tele. also on tuesday, they said the operating profit grew more than 90% compared to the previous year. it posted a record high of nearly $4 billion. >>> japanese consumer products maker kao expects to lose about $100 million in sales in the current fiscal year. that is because of a recall in skin whitening products by a group com

hitachi heavy equipment. it goes on and on and on. those didn't exist in prior cycles. i agree with the short. >> i'm not here to pick on jim because i think he's a brilliant guy, but we did debate at this desk last year the hewlett-packard story. i remember saying hewlett-packard with meg whitman in charge was going to be just fine. we're a year later and it's doing quite well. i will say this to viewers, meg whitman is a totally changed manager. the failed gubernatorial election in california has changed her as a human being for the better and i think hewlett-packard will be higher a year from now and hopefully you will invite me back and we'll debate it again. >> look, that story has changed several times. there's been a few different chapters. what initially was a good pick by chanos last year here, the stock was down and then they've been able at least somewhat to turn thing around at hewle hewlett-packard from a perception point as much as any others always chanos will still point to the metrics that exist as he said on this stage, that he's still short for all th

in japan, hitachi shares got a boost, closing higher by nearly 3% in today's session after raising its first half profit outlook. batterymaker gs yuasa soared over 7% thanks to better than expected quarterly results. but taiwan's htc took a beating, down almost 7%. the smartphonemaker had little sign of a turn around anytime soon. in china, property developers were the top gainers today as the company's politburo sounded a positive tone yesterday about promoting healthy development of the property market. china merchant jumped more than 4% today and the other two smaller players, they surged up by 10%. back to you, ross. >> all right, sixuan, catch you later. >>> the fed is wrapping up its two-day meeting with a decision expected at 2:00 p.m. eastern. fed watchers will be looking for any clues on when central bank may start its tapering bond purchases, but they will stress any action, still conditional on the economy improving. a first glance at second quarter u.s. gdp today. growth is forecast to rise .9%, down from 1.8 in first quarter. that weakness is expected to be temporary as gr

and daywa securities surged, but hitachi construction tumbled 3% on weak operating profit. in china, the pboc injected funds through open market operations for the first time in five months, only a modest 17 billion in fund, but it is helping to ease fears of another cash crunch on the markets, especially toward the month end. i remember that. the tight liquidity conditions jacked up short-term money rates and caused severe market manic. banking shares as you can see, they made a rebound today. property developers and also some brokerage stocks also among the top gainers. back to you, karen. >> thank you very much, sixuan. >>> we have an earnings deluge out today, particularly from the banking sector as well. we are not seeing a huge move forward. it is as though investors are waiting to see what the central bank is going to tell us. not healthy to see that sentiment, is it? >> i'm not sure it is unhealthy. i call it idiosyncratic rather than thematic. the earnings in aggregate won't tell us a great deal. there is no fresh story that appears to be emerging from the slew of